Common use of Company Subsidiaries; Equity Interests Clause in Contracts

Company Subsidiaries; Equity Interests. (a) All the outstanding shares of capital stock or equity investments of each Company Subsidiary have been validly issued and are fully paid and nonassessable and are as of the date of this Agreement owned by the Company, by another Company Subsidiary or by the Company and another Company Subsidiary, free and clear of all Liens. (b) Except for its interests in the Company Subsidiaries, the Company does not as of the date of this Agreement own, directly or indirectly, any capital stock, membership interest, partnership interest, joint venture interest or other equity interest in any person.

Appears in 7 contracts

Samples: Share Exchange Agreement (Quark Technology Global Inc.), Share Exchange Agreement (MedGen, Inc.), Share Exchange Agreement (Gold Ridge Resources Inc)

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Company Subsidiaries; Equity Interests. (a) All the outstanding shares of capital stock or equity investments of each Company Subsidiary have been validly issued and are fully paid and nonassessable and are as of the date of this Agreement owned by the Company, by another Company Subsidiary or by the Company and another Company Com pany Subsidiary, free and clear of all Liens. (b) Except for its interests in the Company Subsidiaries, the Company does not as of the date of this Agreement own, directly or indirectly, any capital stock, membership interest, partnership interest, joint venture interest or other equity interest in any person.

Appears in 2 contracts

Samples: Share Exchange Agreement (BTHC Viii Inc), Share Exchange Agreement (BTHC Viii Inc)

Company Subsidiaries; Equity Interests. (a) All the outstanding shares of capital stock or equity investments of each Company Subsidiary have been validly issued and are fully paid and nonassessable and are as of the date of this Agreement owned by the Company, by another Company Subsidiary or by the Company and another Company Subsidiary, free and clear of all pledges, liens, charges, mortgages, encumbrances and security interests of any kind or nature whatsoever (collectively, β€œLiens”). (b) Except for its interests in the Company Subsidiaries, the Company does not as of the date of this Agreement own, directly or indirectly, any capital stock, membership interest, partnership interest, joint venture interest or other equity interest in any personPerson.

Appears in 1 contract

Samples: Merger Agreement (Readers Digest Association Inc)

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Company Subsidiaries; Equity Interests. (a) All the outstanding shares of capital stock or equity investments of each Company Subsidiary have been validly issued and are fully paid and nonassessable non-assessable and are as of the date of this Agreement owned by the Company, by another Company Subsidiary Subsidiary, or by the Company and another Company Subsidiary, free and clear of all Liensliens. (b) Except for its interests in the Company Subsidiaries, the Company does not as of the date of this Agreement own, directly or indirectly, any capital stock, membership interest, partnership interest, joint venture interest or other equity interest in any person.

Appears in 1 contract

Samples: Share Exchange Agreement (New Paradigm Productions Inc)

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